Unveiled Claims Regarding the "DOGE AI" Tool and U.S. Deregulation Disproved
In the world of digital assets, the past week has been marked by a flurry of activity and developments. Here's a roundup of some of the key events that have caught our attention.
IPOs and Funding
The Gemini IPO took place six days ago, sparking debate on Bitcoin's potential as the new Gold 2.0. Meanwhile, Titan secured a $7 Million seed round for its DEX aggregator, and Yunfeng Financial acquired 10,000 ETH for its reserve assets.
Regulatory Developments
The Securities and Exchange Commission (SEC) held a cryptocurrency roundtable on financial surveillance and privacy, and approved universal listing standards for crypto spot ETFs. The Federal Reserve is also considering Bitcoin as a reserve and discussing funding options, while the GENIUS Act passage highlighted stablecoins.
Cryptocurrency ETFs
A record 92 cryptocurrency ETF filings were made in the U.S., with DTCC listing new crypto ETFs including Fidelity Solana. The SEC greenlighted universal standards for digital asset ETF listings, and the market remains unaffected by the alleged government deregulation tool.
Market Trends
In the crypto market, Dogecoin (DOGE) is currently valued at $0.24 with a market cap of $35.85 billion and a 24-hour trading volume of approximately $2.15 billion. The breakthrough of $3 was seen in the development of SJMINE on XRP, and Bitcoin supply on exchanges hit a seven-year low.
Industry News
Elon Musk launched an AI-driven software company, Macrohard. Binance listed Ethna USDe for spot trading pairs, and Binance Alpha users claimed MRLN airdrop with points starting September 16. The market witnessed careful monitoring of government actions, as any confirmed AI deregulation could influence technological development scopes.
Notable Mentions
John Kojo Kumi, a cryptocurrency researcher and writer, specializes in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. The 'DOGE AI Deregulation Decision Tool' is an unverified claim, with no official substantiation. Venezuelans are shifting to USDT amid a 229% inflation rise, and ALT5 Sigma added 7.28 Billion WLFI Tokens to its Treasury.
Upcoming Events
Origin Summit announced Wave 3, with Animation Powerhouse Maggie Kang joining the programming lineup. Next Technology is implementing a 200-for-1 reverse stock split, and the Scroll DAO Governance is redesigning amid community concerns.
Conclusion
As policy shifts in AI and technology sectors could alter market dynamics and regulatory landscapes, it's important for investors to stay informed and adapt to the ever-evolving crypto market. The industry continues to demonstrate resilience and innovation, despite the challenges posed by regulatory uncertainties.
